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RBI Transferred 75% of Income as Surplus in 5 Years
November 22, 2018
The Comptroller and Auditor General recently analyzed the Reserve Bank of India’s income and surplus that was transferred to the Union Government between FY14 and FY18.
It found that the central bank had transferred ₹2.48 lakh crores even as its net income was ₹3.3 lakh crores. Although the central bank transferred around 75% of its income during this period, the highest transfer amount was recorded in FY16 when it transferred 83% of its income.
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